Norges Bank Invests $540 Million in Zoom Communications, Inc. $ZM

Norges Bank acquired a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,924,827 shares of the company’s stock, valued at approximately $539,998,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp acquired a new position in Zoom Communications during the 1st quarter worth about $25,000. Elevation Point Wealth Partners LLC purchased a new stake in Zoom Communications during the second quarter worth about $27,000. REAP Financial Group LLC increased its stake in Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after purchasing an additional 229 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Zoom Communications during the first quarter worth about $31,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Zoom Communications in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

ZM has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on shares of Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, September 18th. William Blair reissued an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. JMP Securities reiterated a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, Citigroup lifted their target price on Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.43.

Zoom Communications Trading Up 0.6%

Shares of NASDAQ:ZM opened at $84.93 on Friday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $91.04. The company’s 50 day moving average is $82.54 and its two-hundred day moving average is $79.75. The company has a market cap of $25.69 billion, a PE ratio of 16.52, a P/E/G ratio of 8.08 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS. Q4 2026 guidance at 1.480-1.490 EPS. As a group, equities research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the transaction, the insider owned 132,795 shares in the company, valued at approximately $10,889,190. This represents a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the sale, the chief operating officer directly owned 1,978 shares in the company, valued at $157,785.06. This trade represents a 84.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 389,373 shares of company stock worth $32,311,579. Corporate insiders own 11.51% of the company’s stock.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.